In a world where technology reigns supreme, it’s no surprise that there are now easier ways to do things that used to be difficult. This is especially true when it comes to finances. In this blog post, we will discuss how to easily send cash abroad using technology. If you’re looking for a fast and convenient way to handle your money while traveling, then you don’t want to miss this post!
1. Online sending services
Many online sending services have cropped up in recent years. These companies allow you to send money abroad quickly and easily, without having to go through a bank. All you need is an internet connection and you can send money from your home country to another in a matter of minutes. For example, if you want to transfer money from USA to Kenya, all you need to do is sign up for an account with a money-sending service, input the amount you wish to send, and choose Kenya as the destination country. The recipient will then receive the funds in their local currency (in this case, Kenyan Shillings).
2. Mobile apps
If you’re like most people, you probably use your smartphone for just about everything. So why not use it to send money abroad? Several mobile apps allow you to do just that. One of the most popular is Venmo, which is owned by PayPal. With Venmo, you can easily send money to anyone in the US with a valid email address or phone number. The recipient can then either transfer the funds to their bank account or use them immediately viaVenmo’s debit card. Another popular option is Square Cash, which works similarly to Venmo. The main difference is that square Cash also allows you to send money via text message, making it even easier to send money on the go.
3. Cryptocurrency
Cryptocurrency is a digital or virtual currency that uses cryptography for security. Cryptocurrency is decentralized, which means it is not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Since then, numerous other cryptocurrencies have been created. While cryptocurrency is still in its infancy, it has great potential as a way to send money abroad. The main advantage of using cryptocurrency is that it can be sent quickly and easily, without the need for a bank or other financial institution. All you need is a digital wallet to store your coins (we recommend CoinBase or Blockchain.info) and you’re ready to go!
4. Online banking
If you’re looking for a more traditional way to send money abroad, online banking is a good option. Most banks now offer online money transfer services that allow you to quickly and easily send funds to another country. All you need is the recipient’s bank account information and you can typically have the funds deposited in their account within a few days. Online banking is a convenient option if you’re not comfortable using some of the newer methods of sending money, such as cryptocurrency. It’s also a good option if you need to send a large amount of money, as there are usually no limits on the amount you can transfer.
5. Wire transfer
A wire transfer is a type of electronic payment service that allows you to send money from one bank account to another. Wire transfers are typically used for larger sums of money and can take several days to process. To send a wire transfer, you will need the recipient’s bank account information, as well as their routing number and account number. You will also need to have enough money in your account to cover the transfer fee, which is typically around $30. Wire transfers are a convenient option if you’re sending a large sum of money abroad and don’t mind waiting a few days for the funds to arrive.
6. Money order
A money order is a type of payment that can be used to send money domestically or internationally. Money orders are typically less expensive than wire transfers and can be sent quickly and easily. To send a money order, you will need the recipient’s name, address, and phone number. You will also need to purchase a money order form from your local post office or bank. Money orders are a good option if you’re looking for a cheap and easy way to send money abroad. Also, if you’re sending a large sum of money, you may want to consider sending it via multiple money orders to limit your liability in case one of the money orders is lost or stolen.
7. Check
If you have a checking account, you can use it to send money abroad. To do so, you will need the recipient’s bank account information, as well as their routing number and account number. You will also need to have enough money in your account to cover the check, as well as any fees that may be associated with sending a check overseas. Checks typically take several days to process, so this is not a good option if you need to send money quickly.
8. Prepaid debit card
Another option for sending money abroad is to use a prepaid debit card. With a prepaid debit card, you can load money onto the card and then use it to make purchases or withdraw cash from ATMs. Prepaid debit cards are a convenient option if you’re traveling and don’t want to carry a lot of cash with you. They’re also a good option if you’re sending money to someone who doesn’t have a bank account. To send money using a prepaid debit card, you will need the recipient’s name and address. You will also need to purchase a prepaid debit card and load it with funds.
Sending money abroad doesn’t have to be difficult or expensive. With so many options available, you can choose the method that best suits your needs. Whether you’re looking for a fast and easy way to send money via a mobile app or want to take advantage of cryptocurrency’s potential, there’s a solution out there for you. So what are you waiting for? Start sending cash abroad now!
